Entity Choice

Entity Choice When Purchasing Appreciable Realty for a Business

Entity Choice When Purchasing Appreciable Realty for a Business

By Abacus CPAs|2022-05-18T09:41:23-05:00September 2nd, 2021|Better Guidance|

When property is added to a business, depending on the entity type, there will be varying tax implications. Here, we'll talk about what happens when the property is either sold or distributed to the owners. Entity Choice: C-Corporations and S-Corporations Put a building in a C corporation, and it is not coming back out without triggering [...]

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Which Entity is Most Suitable for Your Business?

Which Entity is Most Suitable for Your Business?

By Abacus CPAs|2022-10-21T13:50:05-05:00August 20th, 2019|Better Guidance|

The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a flat 21% federal income tax rate for C corporations. Under prior law, profitable C corporations paid up to 35%. The TCJA also cut individual income tax rates, which apply to sole proprietorships and pass-through entities, [...]

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